Microsoft Payments, a subsidiary of Microsoft, has applied for licensing to provide mobile payment solutions in 50 US states.
The move from the computer giant backs up last month’s rumoured move into the payments market, after Microsoft set up the new payments company, which was granted a licence by the State of Idaho Department of Finance for money transmission.
Although it appears that Microsoft are late to the game in terms of developing a mobile payments system, the subsidiary has been part of Microsoft’s plans for over three years, according to specific documents.
Recently Microsoft posted a job vacancy requiring a Software engineer whose requirements would be to help start ‘‘changing the way we pay.’’
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Lloyds has launched biometric finger print authentication for mobile banking.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.